xt73n58cg69j https://exploreuk.uky.edu/dips/xt73n58cg69j/data/mets.xml Lexington, Kentucky University of Kentucky 1936047 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1936-04-apr7. text Minutes of the University of Kentucky Board of Trustees, 1936-04-apr7. 1936 2011 true xt73n58cg69j section xt73n58cg69j 







     Minutes of the Regular Meeting of the Board of Trustees of
the University of Kentucky, April 7, 1936.


     The Board of Trustees of the University of Kentucky met in
President McVeyls office at the University April 7, 1936, at
10:30 a.m.   The members of the Board present were Richard C.
Stoll, Acting Chairman (Governor Chandler being unable to attend
on account of business at the Executive Chamber); James Park,
Louis Hillenmeyer, R. IIller Holland, Dr. George Wilson, J. B. An-
drews, Reed Embry, John Newcomb and H. S. Cleveland, President F.
L. T..cVey and Secretary D. H. Peak,  This was the first meeting at-
tended by the new members, Messrs, Embry, Cleveland and Newcomb.


     1, Minutes Approved.

     The minutes of the following; meetings were approved as pub-
lished: Regular Meeting of the Board of Trustees, January 14,
1936; Executive Committee, February 25, 1936; Executive Committee,
March 9, 1936.


     2, President's Report.

     The President made his regular quarterly report which was or-
dered to be recorded in the Minutes.   The report is in words and
figures as follows:



     QUARTERLY REPORT OF THE PRESIDENT OF THE UNIVERSITY TO
              THE BOARD OF TRUSTEES, APRIL 7, 1936.



              Membership of Board of Trustees

     The constitution of the Board of Trustees of the University
of Kentucky is fixed by law in the Act of 1918.   Under the pro-
visions of that act, the Board consists of three ex-officio mem-
bers, three members from the State Board of Agriculture, six mem-
bers at large, and three members chosen from -he alumni of the
University.   This board now consists of the following ex-officio
members: Honorable Albert Benjamin Chandler, Governor of Kentucky;
Honorable Harry W. Peters, Superintendent of Public Instruction;
Honorable Garth Ferguson, Commissioner of Agriculture.    The ex-
officlo members serve for a period of flour years, beginning with
1936, with the exception of the Governor, whose term expires in
Decerdber, 1939.  The memfbers from the State Board of Agriculture
are appointed for terms of six years, their service varying in
accordance with their appointment.   The asme is true of the mem-
bers at large and alumni members.   The terms of appointment and
service are as fol1ows..




 






2.



     From the State Board of Agriculture:

          Reed Embry, Louisville, Kentucky, appointed
                      Jcnuary, 1936.
          John Newcomb, Bardstown, Kentucky, appointed
                      January, 1936.
          Horace S. Cleveland, Franklinton, Kentucky,
                      appointed January, 1936.

     From the State at large:

          Richard C. Stoll, Lexington, Kentucky, reap-
                      pointed January, 1936, for six years.
          Robert G. Gordon, Louisville, Kentucky, reap-
                      pointed January, 1936, for six years.
          Joe B. Andrews, Newport, Kentucky, reappointed
                      January, 1936, to fill out unexpired
                      term of old appointment to 1940.
          R. Miller Holland, Owensboro, Kentucky, reappoint-
                      ed January, 1936, to fill out unex-
                      pired term of old appointment to
                      1938.
          G. C. Wells, Paintsville, Kentucky, reappointed
                      January, 1936, to fill out unexpired
                      term of old appointment to 1938.
          John S. Cooper, Somerset, Kentucky, reappointed
                      January, 1936, to fill out unexpired
                      term of old appointment to 1940.

     From the Alumni of the University:

          Louis Hillenmeyer, Lexington, Kentucky, reappoint-
                      ed January, 1936, for six years.
          James Park, Lexington, Kentucky, reappointed Jan-
                      uary, 1936, to fill out unexpired term
                      of old appointment to 1940.
          George H. Wilson, Lexington, Kentucky, reappointed
                      January, 1936, to fill out unexpired
                      term of old appointment to 1938,



                    The Building Program

    Among the various matters which have been brought to the at-
tention of the Board of Trustees from time to time, are the build-
ing program and the securing of funds from federal and private
sources to carry it out.   At previous meetings the Board has voted
the necessary authority to receive the grant and make the loan.
Through the untiring efforts of Dean James H. Graham and through
the help of various banking concerns and legal firms the loan for
$600,000 was completed on February 15.   The amount of the bonds




 




3.



is $634,000 on a thirty year basis at three per cent interest.
The bonds were sold so as to give a 3.4 interest to the purchasers.
I have to report that the bonds were delivered to the purchasers
and the money received and deposited with the Fifth-Third Union
Trust Company of Cincinnati.   The University has received inter-
est payments amounting to $4,050.00.   The bonds are now in the
possession of the Mutual Benefit Life Insurance Company, who
bought the entire issue.   The fact that the bonds are in the pos-
session of one owner makes the payment of interest and amortiza-
tion charges much simpler, than if the owners were scattered over
a considerable area.

     The plans for the buildings have gone forward, so that I am
able to report that the heating plant and distributing system with
specifications are ready for advertisement.   The same may be
said of the south building of the Engineering group.    Considera-
ble discussion has been given to the location of the Student Union
Building, and it has been decided to recommend to the Board the
placing of this building between the IM-en's Gymnasium and Frazee
Hall.   The architects selected to plan the building are IMessrs.
Frankel and Gillig.   The problems connected with the location of
this building are considerable.   The main difficulty is getting
everything in such a building as can be constructed for $200,000,
and providing the facilities for the many activities some people
think Wxould go into the building.  There has been some comment
in THE KERNEL and the main argument seems to be that the Universi-
ty should supply as large a dancing floor as possible.    It is
expected that the plans for this building will be ready the latter
part of May and construction should begin in June.    Meanwhile,
the Board may pass upon the question whether any of the money now
deposited in Cincinnati should be invested in interest-earning se-
curities.

     Members of the Board and officers of the University have been
concerned over the question of paying interest upon the amounts
borrowed.   An interest charge of $9,500 will be due July 1, 1936,
and a similar amount on January 1, 1937, and on July 1, 1937. In
addition to the interest payment there will be due on July 1, 1937,
$16,000 on the principal. Thus in the intervening months between
July 1, 1936, and July 1, 1937, it will be necessary to provide a
fund of 843,500, to meet the interest and amortization payments,
To meet this situation the interest paid on the bonds in advance
of their use has been placed in an interest fund.    The sum is
$4068.17.   In the preparation of plans and work done in advance
of the building program the sum of 86,900.54 has been spent on the
building program.   This amount should be placed in the interest
fund.   There is still the further sum of ,3,697.00 already paid
by the University as a refund on gas consumption, and a small sum
of about $600 is due from the Experiment Station for greenhouse
material transferred to them from the greenhouses removed from the
College of Engineering.   These should also be placed in this fund.
The provisions of the contract between the Federal Government and
the University make it possible to advance out of the grant and
loan received, the first payment of interest.    Keeping these sums




 




4.



together there is in hand the sum of $34,775.84, leaving $8,724.16
to be provided for by the first of July, 1937.   It would appear,
therefore, that the University is in very good condition to meet
the loan requirements in the earlier periods before the buildings
begin to make a return.


                     Out-of-State Travel

     I am calling the attention of the Board of Trustees to the
situation that exists in connection with out-of-state travel ex-
pense.   The University has, of necessity, asked the Finance
Board to pass on a number of requests for out-of-state travel.
Most of these requests have been refused with considerable incon-
venience to those making the request for allowance.   The diffi-
culties seem to be out of proportion to the problems involved. In
the past year the University spent for out-of-state travel $3,500.
I take it that no one believes the University should be cut off
from out-of-state contacts, and I sincerely hope that when the or-
ganization of the State has been worked out the problem can be
solved in a way satisfactory to all concerned.


                  Morrill Act and Interest

     It will be recalled that the University of Kentucky is a land
grant institution, founded under the provisions of the Morrill Act
of 1862.   Under this act the University receives an annual fund,
which is given to the land grant institutions of the country, It
also received a land endowment, and since there were no federal
lands in this State, it was given 330,000 scrip acres.   This land
scrip was given to the University of Kentucky and the Kentucky
State Industrial College at Frankfort, but it was sold by the
State and the amount received was to be a perpetual endowment and
the interest on it paid to the institutions, and a contract was
entered into between the State and the Federal Government,   For
more than sixty-five years this payment has been made, but on the
first of July, 1935, the payment was not made, so there is due at
the present time $12,966.75 in back payments upon this endowment
fund.   I have delayed presenting the matter until some difficul-
ties arising out of the legislative situation should be passed by.
The legislature in its budget act did not make provision for the
amount.   However, it may be said that in all the 65 years no
special appropriation was set aside for the payment c the interest.


              The State Budget and UniversitZ Funds

     The State Legislature passed a budget act which gave to the
University $660,000.00 annually, for the next two years for the
purpose of meeting the general support of the institution.    The
sum is $19,000 short of the sum received from the legislature of
two years ago.   The bill also provides $24,000 for agricultural
instruction, and this is $1500 less than the appropriation of two
years ago,   The budget bill allowed $8,000 each for repairs and




 




5.



the summer session.   These items are 81,O0O each less than they
were two years ago.   The S50,000 annual support of the Experiment
Station was cut $2,000,   The amount for public service laoorato-
ries is $2,000 less for the biennium than it was two years ago,
Agricultural Extension has been cut approximately $6,000 for each
year of the coming biennium, and the small item for nursery in-
spection has been cut in the sum of .500 for each year.    The
yearly appropriation for the two substations at Princeton and
Quicksand has been cut $1,000 each.    The total of these reduc-
tions from the appropriations of two years ago amounts to $33,000
annually.


                 University Bu!Let for 1936-37

      I have presented today in accordance with the regulations of
the Board, a tentative outline of the budget for 1936-37.     I have
estimated the income for that Deriod at 81,206,835.50.     In view
of the fact that amounts that would be available for expenditures
during the year were not known until a few days before the meet-
ing of the Board, I present the requests that have been made by
the colleges and departments as the aggregate sum called for for
the coming year.   There is a difference between income and ex-
penditures of $79,000.    I am asking the Board to give the income
and expenditure statement their aiproval, giving me the opportuni-
ty to present the details at the meeting in June.     Meanwmhile, as
the executive officer of the University, I am confronted with the
problem of reducing expenditures by . 79,000, in order to balance
the budget.

     In going over the requests of the different colleges and de-
partments, I was quite impressed with the needs that were present-
ed, and, on the whole, the careful consideration of the requests
of the departments.   The University is really hard-pressed to
keep up its laboratories and supplies, to say nothing of the en-
largement of the Library.


                      Library Development

     The last statement in the previous paragraph leads me to make
a comment on the library situation.    The library of the Universi-
ty of Kentucky has grown quite rapidly in the last twenty years,
I have some interesting statements to make in connection with this
development.   Mr. James A. McMillan, Librarian of Louisiana State
University, presented some statistics concerning southern univer-
sities.   The figures I have before mne are for the year 1934-35,
According to this statement the University of Kentucky was sixth
in the size of its library aimong, thirty southern institutions,
It was third in the increase in the number of volumes, and eighth
in the amount of money used for its support,     Duke University has
the second largest library and spends the largest amount.     The
largest library is that of Texas University.     While this report
shows that the University of Kentucky was third in the number of
volumes added, the fact of the matter is that a considerable por-
tion of the books was given to the library.     Nevertheless, the




 



6.



statements I have made indicate considerable progress, but we ought
to make still more, because the library is the center of the Uni-
versity.


       Graduate Work and the Council on Higher Education

     A meeting was held on February 16 in the Governorts Mansion
at Frankfort.  This meeting consisted of the Governor and the
presidents of the state supported institutions of higher learning
in the State.  The Governor requested that two things be done in
the matter of higher education:

     1. That the State teachers' colleges should Increase
        their fees to *25.00 a semester.

     2. That the four teachers' colleges should give up
        graduate instruction.

     The request was based on the statement that the State of TCen-
tucky could not maintain five graduate schools, and that the ex-
pense and duplication could not be justified.   These two proposi-
tions were agreed to, and at the meeting of the Council on Higher
Education on February 24, these proposals were adopted as the pol-
icy of the Council.   In addition, provision was made restricting
the summer sessions to an eight weeks term.

     The important thing about this action is that for the first
time in the history of the State, a definite policy has been adopt-
ed regarding graduate instruction.   To my mind it is a statesman-
like procedure.   Undoubtedly, such action places new responsibil-
ities upon the University, in that it concentrates graduate work
at the University.   This work must be well done and thoroughly
done.   Consequently, it will be necessary to increase expenditures
for library facilities, laboratory equipment and supplies in the
graduate field.

     For some time I have been corresponding with the General Edu-
cation Board about the matter of the University Library.   The of-
ficers of the Board are very courteous, but could give me no hope
of doing anything for the library.   However, when I called their
attention to the outstanding act of the Council on Higher Educa-
tion, they became interested and I think they see possibilities
of doing something in connection with this new movement in the
State,   This is perhaps only hope on my part, but I shall report
to the Board from time to time such progress as is made in connec-
tion with the matter.


                      A University Press

     I have been very much delighted with the interest manifested
in the proposal for a University Press.   A good many suggestions
have been made, not only as to procedure, but, also, as to possi-
ble publications.   Without doubt, a considerable amount of ma-
terial can be placed here at the University and in the State with




 





7.



such a press that ,without it, probably never would be published.
Under present laws, any printing done by the University must re-
ceive the approval of the printing board.   This is in a measure
a kind of censorship and, certainly, a very important one,, as far
as    expenditures are concerned.   The problem is to give the
University a freedom which it does not possess at the present time
In the matter of publications.   The reason why this restriction
is placed upon the University is that it comes under the agreement
and contract arrangements between the State and the State printer.
It is also due to the desire of the State to restrict expenditures
in the flatter of printing.  No particular objection can be raised
against such provisions, except that they were intended to apply
to the various departments of' the State, and the University has
been carried into a situateion 1,overned by laws and regulations
that were made for a wholly different situation than that in which
it finds itself.   If the University is to have a press, the only
way in which it can be brought about, as far as I can see at the
present time, is to establish a press association, which should
have a relationship to the University but not be under itis con-
trol.

     If the University ic to Join the institutions of larger scope
and standing, it will be compelled to undertake some sort of sys-
tematic and effective means of publishing the results of scholar-
ship and research on the campus.   It is a very serious question
and I hope the 3oard will give to it the best thought and consid-
eration.


                         Conclusion

     I close this report with some regret tilat so much time is
taken to discuss these various Dainty-, but there are many problems
with which the University is confronted and those mentioned today
are part of them.   I am sure the Bosrd is greatly interested
and I know it can be helpful by advise and direction.



     3, Financial Report.

     The Financial Report for month of IvIarch, 1936, was presented
to the Board by President McVey nd. was ordered inserted in the
Minutes.   The report reads ac follows:




 





8.



Statement of Income and Expenditures
         Month of March 1936



Previously
Reported



Current
M1onth



General Fund Income
Federal Appropriation
Vocational Ed. Bd.
  Interest on Peabody
  Endowment
  State Appro.- Back Sal-



35,625,00
13,176,28

1,000.00



aries,                 71,100.00
State Appro. - Sum.Sch. 9,000.00
Special Agr. Appro.     16,900.00
State Appro.-Repairs to
Buildings               3,872.58
State Appro. - General 446,800.49
Student Fees           210,319.90
Student Fees -.Sum.Sch. 59,228.17
Student Fees - U.H.S.    9,133.50
Student Fees - El.Tr.Sch.7,960.00
Student Fees -.Un. Ext. 11,857.06
Miscellaneous Receipts   9,929.87
Rentals                  1,940.30
Ments Dormitories       14,764.01
          Total        922,607.16



7,125.00    42,750.00
3,829.82    17,006.10



1,000.00



2,000.00



            71 100.00
            9,000.00
2,150.00    19,050.00



1,094.14
58,032.45
7,313.90
   (22.00)
   480.00
   265.00
 2,765.39
 4,090.22
   355.00
   631.90
89,110.82 1



  4,966.72
504,832.94
217,633.80
59,206.17
  9,613.50
  8,225.00
  14,622.45
  14,020.09
  2,295.30
  15,39.5,91
,011,717.98



Expenditures
  Instruction            .521,954.38
  Adm., Expense & Maint. .165,226.22
  Additions and Better,   12,733.17
            Total        699,913.77



Excess of Income over Ex-
penditures            22'



,.693.39



70,347.54
32,614.64
    938.36
103,900.54



(14.789.72)



592,301.92
197,840.86
13,671.53
803,814.31



207 .903.67



Patterson Hall Income
Board                   39,867.61
  Miscellaneous Receipts     255.06
  Room Rent - Summer Sch. 2.089.00



Total



Expenditures
  Expense
  Additions and Better-
  ments



1,261.80    41,129.41
               255.06
             2 .089.00



42,211.67       1, 61. 0    43,473.47


28,640.84       4,741,23    33,382.07

   547025                _     547_25
29,188.09       4,741.23    33,929.32



Fiscal
Year
to Date




 




90



Excess of Income over
Expenditures



13,02.3.58



General Fund Income        964,818.83
General Fund Expenditures 729,101.86
  Excesn of General Fund
  income over Expend.    235,716.97
  Accaunts Payable liqui-
  dated                   (71,191.63
  Excess of Expenditures
  over Receipts for General
  Ledger accounts           3, 210. 92
  Excess of Receipts over D;-
  penditures for the fiscal
  year to date - General
  Fund                    167,736.26
  Excess of Receipts over
  Expenditures f or the
  fiscal year to date -
  General Fund
  Cash in Bank auly 1, 1935 -
  General Fund
  Cash in Bank March 31, 1936
  General Fund



(3.479.43)



9 .544.15



    90,372.62 1,055,191.45
    108,641.77   837,743.163

    (18,269.15) 217,447.82

 )              (71,191.63)


    (91,786.464; (88.575.54)



    110,055,61    57,680Z65



57,680.65

5.837. 75



63, 518.40



Experiment Station Income
  Hatch - Federal Appro.
  Milk and Butter - Cash
  Receipts
  Beef Cattle Sales
  Dairy Cattle Sales
  Sheep Sales
  Swine Sales
  Poultry Sales
  Farm Produce Sales
  Horticultural Sales
  Seed Test
  Seed Inspection
  Rentals
  Miscellaneous
  Fertilizer - Fees
  Public Service - State
  Appropriation
  Public Service - MIisc.
  Feeding Stuffs - Fees
  Adams - Federal Appro.
  Serum - Sales
  Serum - Virus Sales
  Serum - Live Stock Sales
  Serumn -Supply Sales
  Serum - Misc. Receipts
  State Appropriation
  Creamery - License Fees
  Creamery - Testers' Lice



11,250.00

6,605.38
1,775.27
   575, 54
   537.94
 1,472.81
 1,768.38
 1,973.72
   398.40
   553.79
11,270.69
5,157.35
   410.79
16,491.46

15,230.07
    16.60
34,944.A5
11,250.00
'1-,304.83
   109. 60
   129.7  
   1.05.75
     2.35
36,233.83
8,313,00
2,893.95



  776.78

  146.24
  33.70
  20.00
  336.28
  122.79
  21.50
  62.25
6,834.39
   97.67
   628.55
7,292.75

1,802. 50

5,524' '96

  140.25
  14.85

  28.20

3,145.00
   25.50
   37.00



11,250.00

7,382.16
1,775.27
   721.78
   571.64
 1,492,81
 2,104.66
 2,096.51
   419.90
   616.04
18,105.08
5,255.02
1,039.34
23,784.21

17,032. 57
    16.60
40,469.29
11,250.eo
1,445.08
   124.,45
   129.76
   133.95
     2.35
39,378.83
8,338.50
2,930.95




 





10.



Crea amery - Glassware
  Tested                   490.32
Robinson - State Appro.  8,167.50
Robinson - Misc. Receipts 1,974.12
West Ky. - State Apro,. 10,632.64
West Ky. - Misc. Rec.    6,552.79
Purnell - Federal Appro. 45,000.00
Bankhead-Jones - Fed.
Appro.                  14,800.88
Nursery Inspection -
State Appro.            1,679.74
Nursery InsDection - Fees l.295.00



Total



261,5'



Expenditures
  E::pense               209, 5
  Additions and Better.     3 C0
            Total         2  t !
  Excess of Income over
  Expenditures            48,71

  Accounts Payable -
  liquidated              (3, l
  Excess of Receipts over
  Exnenditures for Ge neral
  Ledger accounts         19,0O
  Excess of Recei-pts over
  Expenditures            64 6,
  Excess of Receipts over Ex-
  penditures for the fiscal
  year to date - Experiment
  Station
  Cash in Bank July 1, 1935 -
  Experiment Station
  Cash in Bank March 31, 1936 -
  Experiment Station



  75.78
1,138.75
  230.88
1,148,16
  485.08



   566.10
 9, 306.25
 2, 205.00
11, 780.80
7, 037.87
45,000. 00



14,800.88



125.00



1,679.74
1,420.00



38. 58  30,294.81       163.39


31.57   33,082.45    242, 614.02
36.26    1,387.80      4,454.06
97.8o   34,470.25    247,068.08

?0.75    (4,175.44)   44,595.31


50. 32)                (3,150.52)


L1.58    1,899.91     20,911.49

32.01    (2,275. 53)  62,356.48



62,356.40

(23.296.47)



39,060,01



Extension Division Income
  Federal Barnkhead-Jones
  Federal Smith-Lever
  Federal Add. Co-op.
  Federal Aupplementary
  Federal Capper-Ketcham
  Smith-Lever -- State
  County and Other
           Total

Expenditures
  Exxpense

  Excess of Income over Ex
  penditure s



289,850.11
74,154.38
15,500.00
26,545.52
18,400.49
83,200.00
12,936.32



74,154.39
5,500.00
26,545.52
18,400.48
10,700.00
3.022.80



289,850.11
148,308.77
21,000.00
53,091.04
36,800.97
93, 900,00
15.959A12



520,586.82  138,323.19    658,910.01


364,820.77   60,974.78    425,795.55



155,766.05   77,348.41



233, 114.46




 




11.



Excess of Income over Ex-
penditures for the fiscal
year to date - Extension
Division
Cash in Bank July 1, 1935 -
Extension Division
Cash in Bank March 31, 1936
Extension Division



Trust Fund Income
  Student Loan Fund
  Student Notes Paid
            Total Receipts-

Expenditures
  Expense
  Student Notes
  General Ledger accounts
       Thtal Expenditures

 Excess of Receipts over Ex-
 penditures



3,406.25
2,763.23
6.169.48



480.47
424.00
904- 41



233,114L. 46

   303.82



3,886.72
3 ,187 23
7 .075- 95



  26.33                    26.35
  150.00    20.00          170.00
5,000.00                  5 ___ _ _5,000X00
5,176.33    20.00        5,196.33



993.15   884.47



1.877 - 62



Excess of Receipts over Ex-
penditures for the fiscal
year to date - Trust Fund
Cash in Bank July 1, 1935 -
Trust Fund
Cash in Bank March 31, 1935 -
Trust Fund



Summary
General Fund Income
Experiment Station Income
Extension Division Income
Trust Fund Income
             Total

 General Fund Expend.
 Experiment Sta. Expend.
 Extension Div. Expend.
 Trust Fund Expend.
             Total



Excess of Income over Ex-
penditures



  964,818.83  90,372.62
  261,368.58  30,294.81
  520,586.82 138,323.19
    3,406.25    480.47
1.750,180,48 259,47l109

729,101.86 108,641.77
212,597.83  34,470.25
364,820.77  60,974.78
       26.33
1,306.546.79 2044,08680



4143, 633. 69  55, 384. 29



Accounts Payable - liqui. (74,341.95)

Excess of Expenditures over
Receipts for General Ledger
accounts                   17,222.50 (89,886.55)



1,055,191.45
  291,663. 39
  658,910.01
    3,886 72
2,009,651.57



  837,743.63
  247,068.08
  425,795.55
      26.33
1,510,633.59



499,017.98

(74,341. 95)



(72,664.05)



Student Loan Fund Notes



404.00      3,017.23



1,877, *62



3,006.46



__ 233,418.28



.



2,613,23




 





12.



Petty Cash account



200.00



Excess of Receipts over
Expenditures for the
fiscal year to date -
Combined Fund          389,327.47



355     21
   .9 -     -14



Excess of Receipts over
Expenditures for the fiscal
year to date - Combined Fund



355,229.21



Cash in Bank and on hand July 1,
1935 - Combined Fund
Cash in Bank and on hand March
31, 1936 - Combined Fund



341,203.15



Abstract of item shown on Statement
of Income and Expenditures as "Excess
of Receipts and Expenditures for Gen-
eral Ledger accounts $72,664.05"



Debit



Accounts Receivable

Insurance Paid in Advance

Sundry accounts



Credit



59,061.57

   357.39

13,245 09
-72,664.05



     4. Requisition Committee Report.

     The Requisition Committee filed written report of its action
each week from March 11, 1936, to April 1, 1936, inclusive,    The
report shows that orders had been made by the Business Office on
the authority of the Requisition Committee in the manner prescrib-
ed by the Board of Trustees and state laws, running from No, 5042
to No, 5629.   The report was examined, and on motion and second
the orders named therein were ratified and approved and payments
on said orders were authorized and approved.    The following
budget additions, shown in the report,. were approved: advance
payment on Warehouse, $6,350.00; Patrick house, 91,181.00; Vene-
tian blinds, Library, $394.49; desks and counter files for Regis-
trar, $594,78;  bath rooms, Patterson Hall, $7,991.00; mimeograph
machine repairs, Stenographic Bureau, $20.00.



(34,09P,,?_P)



(lz,-J026.06)




 







13.



     5. Allotments for March.

     The Minutes of IMIarch 9, 1936, show allotments for the Univer-
sity made by the Board of Finance and Budgetary Control at its
meeting held March 9, 1936.   The following additional allotments
were made by the said Board on March 23, 1936;


          Experiment Station Analysis      $ 500.00

          Nursery Inspection                  200.00

          College Repairs                   1,000.00.



     6, Budget for 1936-1937.

     The President presented a tentative budget giving figures in
detail.   For his comment thereon reference is made to his report
herein.   On motion and second the tentative budget was approved
as a basis for revised budget to be presented by President MoVey
at the June meeting of the Board.


     7. Interest on Bonds.

     The following is taken from the Minutes of March 9, 1936:

          "The Business Agent reported that he has made re-
     quest of the Auditor of Public Accounts by 'pay-in-
     voucher' to give credit to the University of Kentucky
     for the unpaid installments of interest on land grant
     statutory bonds (Morrill Act) the total due and unpaid
     to date being $12,966.75.1

     Reference is made to President's report herein for statement
of facts and of progress of collection of the amount due.    The
President was directed to press the collection thereof.


     8. Act of State Legislature Accepting Bankhead-Jones Federal
Appropriation.

     The following copy of resolution passed by the 1936 General
Assembly of Kentucky, accepting the provisions of the Federal ap-
propriation was ordered inserted in the Minutes:




 








14.



                       JOINT RESOLUTION


          (Expressing assent of the Legislature of the
          State of Kentucky to the provisions and pur-
          poses of the Act approved June 29, 1935 (Pub-
          lic-No. 182-74th Congress).


          Whereas, There has been enacted by the Senate and
     House of Representatives of the United States of America
     in Congress assembled, An Act to provide for research into
     basic laws and principles relating to agriculture and to
     provide for the further development of cooperative agri-
     cultural extension work and the more complete endowment
     and support of land-grant colleges, approved June 29,
     1935 (Public-No. 182-74th Congress), and

          Whereas, the Provisions of the Act and the purpose
     of the grants of money authorized by the Act are made
     subject to the legislative assent of the several states
     and territories,

          Therefore, be it resolved by the House.-,of Repre-
     sentatives of the Legislature of the State of Kentucky,
     the Senate concurring, that the assent of the Legisla-
     ture of the State of Kentucky, required by the said Act,
     be and the same is hereby given.


     9. Damage to Gymnasium by Blasting Settled.

     Reference is made to Section 7 of the Minutes of February
Meeting of the Executive Committee for an order authorizing set-
tlement of claim against the Northern States Construction Company.
The draft named in the following letter was accepted and the mat-
ter closed.




 





15.



                                    March 26, 1936.


     University of Kentucky,
     Lexington, Ky.e
                                 re. University of Kentucky
                                 vs. Northern States Cont, Co.
                                 Acci. 11-29-34.
                                 34-Cp-7905-D-32.

                                 Attention: M.r. D. H. Peak

     Gentlemen:

              We are enclosing our draft #27895 for $12.60
     with release in duplicate and it will be appreciated
     if you will kindly s